GS Paper III
News Excerpt:
On August 24, 2024, the Union Cabinet approved a new initiative aimed at boosting biotechnology-based manufacturing, known as the BioE3 (Biotechnology for Economy, Environment, and Employment) Policy for Fostering High-Performance Biomanufacturing.
More detail about News:
- This initiative, led by the Department of Biotechnology, Ministry of Science and Technology, aims to ignite technological change similar to the revolution that took place in the IT industry in the 1990s.
- It focuses on high-performance biomanufacturing, which involves creating a range of products—from medicines to materials—addressing agricultural and food-related challenges, and promoting the production of bio-based goods through advanced biotechnological methods.
About BioE3 Policy:
- The BioE3 Policy is set to target several key strategic sectors to meet national priorities.
- The policy is structured around six main thematic areas:
- Bio-based chemicals and enzymes,
- Functional foods and smart proteins,
- Precision biotherapeutics,
- Climate-resilient agriculture,
- Carbon capture and utilization, and
- Advanced marine and space research.
- This policy will also enhance the government's initiatives of achieving a 'Net Zero' carbon economy and promoting 'Lifestyle for Environment.'
- It will guide India toward rapid 'Green Growth' by supporting a 'Circular Bioeconomy.'
- The BioE3 Policy aims to create a more sustainable, innovative, and adaptable future in response to global challenges, setting forth a Bio-vision for a developed India (Viksit Bharat).
